Party & Event Planners in the US: Market Research Report

Party on: The industry will benefit from climbing corporate profit and per capita disposable income

IBISWorld’s Party & Event Planners market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Market Share of Companies

Industry Statistics & Market Size

Revenue

$4bn

Annual Growth 09-14

2.5%

Annual Growth 14-19

Profit

Employment

192,834

Businesses

179,944

Industry Analysis & Industry Trends

The Party and Event Planners industry largely provides a discretionary service; therefore, it is mainly driven by corporate profit, per capita disposable income and the unemployment rate. The recession hit the industry hard, with many corporations and consumers holding fewer, smaller events. However, the industry bounced back in the years that followed, and this recovery is expected to persist in the five years to 2019, bolstered by strengthening corporate profit and increasing discretionary income.... purchase to read more

Industry Report - Industry Locations Chapter

The regions that have the greatest concentration of party and event planning companies include the Southeast, the West, the Great Lakes and the Mid-Atlantic. This distribution generally follows the population the number of households, population density and income median income levels by region. Furthermore, larger industry operators tend to locate near major metropolitan areas, which generate a steady stream of demand for corporate events.

Southeast

The Southeast region has the greatest concentration of industry establishments, estimated at 31.9% of the total in 2014. The Southeast is the most populated region of the United States; therefore, given the high proportion of households, there is a greater demand for social event planners and corporate event planners... purchase to read more

What is the Party & Event Planners Industry?

This industry comprises companies and individuals that organize social events such as parties, weddings and other social gatherings. The Party & Event Planners industry does not include companies that organize conventions and trade shows.